Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $764,580. b. Materials requisitioned, $642,250, of which $83,490 was for general factory use. c. Factory labor used, $787,520, of which $149,630 was indirect. d. Other costs incurred on account for factory overhead, $183,500; selling expenses, $282,890; and administrative expenses, $168,210. e. Prepaid expenses expired for factory overhead were $35,170; for selling expenses, $29,820; and for administrative expenses, $21.410. f. Depreciation of factory equipment was $35,170; of office equipment, $51,990; and of office building, $102,450. 9. Factory overhead costs applied to jobs, $435,810. h. Jobs completed, $1,009,250. 1. Cost of goods sold, $978,660. Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a. Materials purchased on account, $764,580. Entry Description Materials Accounts Payable Credit Debit 764,580 764,580 b. Materials requisitioned, $642,250, of which $83,490 was for general factory use. Entry Description Debit Work in Process Credit b. Factory Overhead Materials Credit c. Factory labor used, $787,520, of which $149,630 was indirect. Entry Description Debit c. Work in Process Factory Overhead Wages Payable d. Other costs incurred on account for factory overhead, $183,500; selling expenses, $282,890; and administrative expenses, $168,210. Entry Description Debit Credit d. Factory Overhead Selling Expenses Administrative Expenses Accounts Payable e. e. Prepaid expenses expired for factory overhead were $35,170; for selling expenses, $29,820; and for administrative expenses, $21,410. Entry Description Debit Credit Factory Overhead Selling Expenses Administrative Expenses Prepaid Expenses 1. Depreciation of factory equipment was $35,170, of office equipment, 551,990; and of office building, $102,450. Check My Work f. Depreciation of factory equipment was $35,170; of office equipment, $51,990; and of office building, $102,450. Entry Description Debit Credit f. Factory Overhead Depreciation Expense-Office Equipment Depreciation Expense-Office Building Accumulated Depreciation-Buildings and Equipment g. Factory overhead costs applied to jobs, $435,810. Entry Description 9. Work in Process Debit Credit Factory Overhead h. Jobs completed, $1,009,250. Entry Description h. Finished Goods Debit Credit Work in Process 1. Cost of goods sold, $978,660. Entry Description I. Cost of Goods Sold Finished Goods Debit Credit Feedback Check My Work